Filing Details

Accession Number:
0001127602-22-003383
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-02-04 16:24:08
Reporting Period:
2022-02-02
Accepted Time:
2022-02-04 16:24:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
24741 Corning Inc GLW Drawing & Insulating Of Nonferrous Wire (3357) 160393470
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1825618 Z John Zhang One Riverfront Plaza
Corning NY 14831
Senior Vp & Gm, Display No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-02-04 13,320 $27.03 17,975 No 4 M Direct
Common Stock Disposition 2022-02-04 13,320 $42.01 4,655 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Share Unit Acquisiton 2022-02-02 13,599 $0.00 13,599 $0.00
Common Stock Performance Share Unit Acquisiton 2022-02-02 7,518 $0.00 7,518 $0.00
Common Stock Stock Options (Right to Buy) Disposition 2022-02-04 13,320 $0.00 13,320 $27.03
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
27,664 No 4 A Direct
7,518 No 4 A Direct
0 2021-04-02 2028-04-02 No 4 M Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.01 to $42.02, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote.
  2. Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
  3. Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
  4. Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2021 agreement. Earned units remain restricted until April 15, 2024, when they vest and convert to GLW common stock, subject to service-based vesting requirement.